Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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I suspect that for the first dividend back they will wat to be very conservative, and would not want to spook market by a return to overpaying, interim will be no more than 1p and final 2p
Hey up it’s the weekend and we’re ending on a nice little high.
My calcs as follows for divi:
Revenue say £3.4B, profit Margin 3%
Equals = £102m less 20% tax = £81.6m
Divide by 3 (for divi cover of 3) = £27.2m
Divide by 443m shares in circulation
= 6.1p for year
Split:
25% interim payment - 1.5p
75% final payment - 4.6p
What do you think , fantasy land stuff? My calcs total bol10ck5??? Love to know what you peeps think. Ta
Yes feel sorry for the staff who bought in to the share options at £10 plus; luckily dumped mine and bought back sub-£1 levels and averaged down to 74p so happy days so far and with the return of the divvy even better......... what do we reckon as the first interim dividend after its absence for 4 years? 5p?
Bottomberp, pretty of upside here so maybe worth averaging down if possible. I've been averaging down from a high 1141(!) and now am at 124. Nothing is riskfree but pretty confident in the direction of travel now.
Totally agree and Kier is also perfectly positioned for the inevitable change in UK Gov
It's been a long and painful ride for me. Still down 57percent but an improvement on over 80percent at one point. Can I make the rest back in kier? Any thoughts?
The market is slowly waking up to Kier. It's hovering just under the top 10 risers and might make it on to that leaderboard by the close. This will be rerated now. Should be a good week next week too for the price. The foreward price/earnings is ludicrously low for a company making well over £100m in cash every year - that seems to be the run rate for the last six months even with the purchase of Buckingham's rail division. The key reason for Kier's success in a tough market is that they had to cut off every bit of fat after they got into difficulty in 2019. The business is lean and profit focused while others have yet to really confront their fitness for an inflationary environment, hence the many business failures in construction. Now it is literally paying dividends for them (and us after March).
Not moved the dial? it should and is now rallying. avg monthly net debt has been cut 100million in todays update.
I spoke too soon. Hitting my b/e now.
Solid. Not really moved the dial significantly SP wise but relatively well-received so far. Looks like possible resistance at 120 and 130. We've been patient a long time. It's coming, albeit slowly. GLA
Hopefully share price will be 'steady' & no nasty sell offs that have been happening in this market
Steady as she goes - all in the right direction now
It's been a rough ride the last few years but I feel the end of the tunnel is upon us!
Looking forward to their trading update next week too.
Broker Recommendations for Kier (KIE)
Date Broker Recommendation Old Target New Target Rating Type
09-Mar-23 Numis Buy 180.00 150.00 Reiteration
19-Jan-23 Numis Buy - - Reiteration
24-May-22 Peel Hunt Limited Buy - 200.00 Reiteration
24-Nov-21 Liberum Capital Buy 150.00 150.00 Reiteration
Trading update is 18/1 (a week today).
Big seller been holding this back. If they're out or close to then plenty more left in this rise. Still very undervalued imo.
Is something boiling? Anyone know when there's a trading update?
So 5% of their holding sold, didn't see the volume go through, and nor do I understand why on this news the SP goes up.
Last time I wondered whether 110 would hold, it bounced down to close to 100.
Given the soon announcement on interim and full dividend payments and the healthy secured order book for 2024 and beyond, I'm personally at a loss as to why the SP continues to lag. Is the business model for profitable work so different from its peers?
And the vast majority of this work is on a cost-reimbursable basis, so a nice solid orderbook
Not necessarily the gift horse you think it is.
Https://www.constructionenquirer.com/2023/12/12/kier-wins-more-public-work-than-any-other-company/
No real reliance on tin-pot clients who are at risk of default on contracts, this surely adds significant weight to the forward order book.
I did like the chart lol